Countries by average annual inflation
Lebanon had the highest average annual inflation of 178 countries in 2022, at 171.2%. South Sudan had the lowest, at -6.7%. The median was 8% and the figure for the World was 8%. Source: the World Bank.
Top 40 countries, 2022
Full ranking
| Rank | Countries | 2022 (%) | Change on 2021 |
|---|---|---|---|
| 1 | Lebanon | 171.2 | +16.4 pts |
| 2 | Sudan | 138.8 | -220.3 pts |
| 3 | Zimbabwe | 104.7 | +6.2 pts |
| 4 | Argentina | 72.4 | +24 pts |
| 5 | Türkiye | 72.3 | +52.7 pts |
| 6 | Suriname | 52.4 | -6.7 pts |
| 7 | Sri Lanka | 49.7 | +42.7 pts |
| 8 | Iran | 43.5 | +0.1 pts |
| 9 | Haiti | 34 | +17.1 pts |
| 10 | Ethiopia | 33.9 | +7.1 pts |
| 11 | Ghana | 31.3 | +21.3 pts |
| 12 | Moldova | 28.7 | +23.6 pts |
| 13 | Sierra Leone | 27.2 | +15.3 pts |
| 14 | Laos | 23 | +19.2 pts |
| 15 | Angola | 21.4 | -4.4 pts |
| 16 | Malawi | 21 | +11.6 pts |
| 17 | Ukraine | 20.2 | +10.8 pts |
| 18 | Pakistan | 19.9 | +10.4 pts |
| 19 | Lithuania | 19.7 | +15 pts |
| 20 | Estonia | 19.4 | +14.8 pts |
| 21 | Nigeria | 18.8 | +1.9 pts |
| 22 | Burundi | 18.8 | +10.4 pts |
| 23 | São Tomé and Príncipe | 18 | +9.9 pts |
| 24 | Rwanda | 17.7 | +18.1 pts |
| 25 | Latvia | 17.3 | +14 pts |
| 26 | Bulgaria | 15.3 | +12 pts |
| 27 | Belarus | 15.2 | +5.7 pts |
| 28 | Mongolia | 15.2 | +7.8 pts |
| 29 | Czechia | 15.1 | +11.3 pts |
| 30 | Kazakhstan | 15 | +7 pts |
| 31 | Hungary | 14.6 | +9.5 pts |
| 32 | Poland | 14.4 | +9.4 pts |
| 33 | Burkina Faso | 14.3 | +10.6 pts |
| 34 | North Macedonia | 14.2 | +11 pts |
| 35 | Bosnia and Herzegovina | 14 | +12 pts |
| 36 | Kyrgyzstan | 13.9 | +2 pts |
| 37 | Egypt | 13.9 | +8.7 pts |
| 38 | Azerbaijan | 13.9 | +7.2 pts |
| 39 | Romania | 13.8 | +8.7 pts |
| 40 | Russia | 13.7 | +7 pts |
| 41 | Afghanistan | 13.7 | +8.6 pts |
| 42 | Montenegro | 13 | +10.6 pts |
| 43 | Slovakia | 12.8 | +9.6 pts |
| 44 | Comoros | 12.5 | +12.5 pts |
| 45 | Palau | 12.4 | +9.7 pts |
| 46 | Serbia | 12 | +7.9 pts |
| 47 | Georgia | 11.9 | +2.3 pts |
| 48 | Botswana | 11.7 | +4.4 pts |
| 49 | Chile | 11.6 | +7.1 pts |
| 50 | Gambia | 11.5 | +4.1 pts |
| 51 | Uzbekistan | 11.4 | +0.6 pts |
| 52 | Zambia | 11 | -11 pts |
| 53 | Tonga | 11 | +5.3 pts |
| 54 | Samoa | 11 | +7.8 pts |
| 55 | Croatia | 10.8 | +8.2 pts |
| 56 | Mauritius | 10.8 | +6.7 pts |
| 57 | Guinea | 10.5 | -2.1 pts |
| 58 | Nicaragua | 10.5 | +5.5 pts |
| 59 | Jamaica | 10.3 | +4.5 pts |
| 60 | Mozambique | 10.3 | +3.9 pts |
| 61 | Colombia | 10.2 | +6.7 pts |
| 62 | Netherlands | 10 | +7.3 pts |
| 63 | Paraguay | 9.8 | +5 pts |
| 64 | Senegal | 9.7 | +7.5 pts |
| 65 | Saint Lucia | 9.7 | +7.2 pts |
| 66 | Greece | 9.6 | +8.4 pts |
| 67 | Mali | 9.6 | +5.7 pts |
| 68 | Belgium | 9.6 | +7.2 pts |
| 69 | Mauritania | 9.5 | +6 pts |
| 70 | Guinea-Bissau | 9.4 | +7.1 pts |
| 71 | Brazil | 9.3 | +1 pts |
| 72 | Algeria | 9.3 | +2 pts |
| 73 | Uruguay | 9.1 | +1.4 pts |
| 74 | Honduras | 9.1 | +4.6 pts |
| 75 | Slovenia | 8.8 | +6.9 pts |
| 76 | Dominican Republic | 8.8 | +0.6 pts |
| 77 | Armenia | 8.6 | +1.5 pts |
| 78 | Austria | 8.5 | +5.8 pts |
| 79 | Cyprus | 8.4 | +5.9 pts |
| 80 | Spain | 8.4 | +5.3 pts |
| 81 | Sweden | 8.4 | +6.2 pts |
| 82 | Peru | 8.3 | +4.1 pts |
| 83 | Iceland | 8.3 | +3.9 pts |
| 84 | Tunisia | 8.3 | +2.6 pts |
| 85 | Costa Rica | 8.3 | +6.5 pts |
| 86 | Lesotho | 8.3 | +2.2 pts |
| 87 | Italy | 8.2 | +6.3 pts |
| 88 | Madagascar | 8.2 | +2.3 pts |
| 89 | United States | 8 | +3.3 pts |
| 90 | Togo | 8 | +3.8 pts |
| 91 | Cape Verde | 7.9 | +6.1 pts |
| 92 | United Kingdom | 7.9 | +5.4 pts |
| 93 | Mexico | 7.9 | +2.2 pts |
| 94 | Portugal | 7.8 | +6.6 pts |
| 95 | Ireland | 7.8 | +5.5 pts |
| 96 | Denmark | 7.7 | +5.9 pts |
| 97 | Bangladesh | 7.7 | +2.2 pts |
| 98 | Nepal | 7.7 | +3.5 pts |
| 99 | Kenya | 7.7 | +1.6 pts |
| 100 | Liberia | 7.6 | -0.2 pts |
| 101 | Antigua and Barbuda | 7.5 | +5.5 pts |
| 102 | El Salvador | 7.2 | +3.7 pts |
| 103 | Uganda | 7.2 | +5 pts |
| 104 | New Zealand | 7.2 | +3.2 pts |
| 105 | Finland | 7.1 | +4.9 pts |
| 106 | South Africa | 7 | +2.4 pts |
| 107 | Timor-Leste | 7 | +3.3 pts |
| 108 | Guyana | 6.9 | +2.4 pts |
| 109 | Guatemala | 6.9 | +2.6 pts |
| 110 | Germany | 6.9 | +3.8 pts |
| 111 | Canada | 6.8 | +3.4 pts |
| 112 | Albania | 6.7 | +4.7 pts |
| 113 | India | 6.7 | +1.6 pts |
| 114 | Vanuatu | 6.7 | +4.3 pts |
| 115 | Morocco | 6.7 | +5.3 pts |
| 116 | Tajikistan | 6.6 | -2.4 pts |
| 117 | Australia | 6.6 | +3.7 pts |
| 118 | Luxembourg | 6.3 | +3.8 pts |
| 119 | Belize | 6.3 | +3 pts |
| 120 | Cameroon | 6.2 | +4 pts |
| 121 | Malta | 6.2 | +4.7 pts |
| 122 | Singapore | 6.1 | +3.8 pts |
| 123 | Namibia | 6.1 | +2.5 pts |
| 124 | Fiji | 6.1 | +4.5 pts |
| 125 | Thailand | 6.1 | +4.8 pts |
| 126 | Trinidad and Tobago | 5.8 | +3.8 pts |
| 127 | Philippines | 5.8 | +1.9 pts |
| 128 | Chad | 5.8 | +6.6 pts |
| 129 | Norway | 5.8 | +2.3 pts |
| 130 | Saint Vincent and the Grenadines | 5.7 | +4.1 pts |
| 131 | Bhutan | 5.6 | -1.7 pts |
| 132 | Bahamas | 5.6 | +2.7 pts |
| 133 | Central African Republic | 5.6 | +1.3 pts |
| 134 | Solomon Islands | 5.5 | +5.6 pts |
| 135 | Micronesia | 5.4 | +2.2 pts |
| 136 | Kiribati | 5.3 | +3.3 pts |
| 137 | Cambodia | 5.3 | +2.4 pts |
| 138 | San Marino | 5.3 | +3.7 pts |
| 139 | United Arab Emirates | 5.3 | +5.1 pts |
| 140 | Papua New Guinea | 5.3 | +0.8 pts |
| 141 | Côte d’Ivoire | 5.2 | +1.1 pts |
| 142 | France | 5.2 | +3.6 pts |
| 143 | Djibouti | 5.2 | +4 pts |
| 144 | South Korea | 5.1 | +2.6 pts |
| 145 | Qatar | 5 | +2.7 pts |
| 146 | Iraq | 5 | -1 pts |
| 147 | Equatorial Guinea | 4.8 | +4.9 pts |
| 148 | Libya | 4.5 | +1.6 pts |
| 149 | Israel | 4.4 | +2.9 pts |
| 150 | Tanzania | 4.4 | +0.7 pts |
| 151 | Gabon | 4.2 | +3.1 pts |
| 152 | Jordan | 4.2 | +2.9 pts |
| 153 | Niger | 4.2 | +0.4 pts |
| 154 | Indonesia | 4.2 | +2.6 pts |
| 155 | Kuwait | 4 | +0.6 pts |
| 156 | Palestine | 3.7 | +2.5 pts |
| 157 | Brunei | 3.7 | +1.9 pts |
| 158 | Bahrain | 3.6 | +4.2 pts |
| 159 | Ecuador | 3.5 | +3.3 pts |
| 160 | Malaysia | 3.4 | +0.9 pts |
| 161 | Vietnam | 3.2 | +1.3 pts |
| 162 | Republic of the Congo | 3 | +1.3 pts |
| 163 | Dominica | 2.9 | +0.7 pts |
| 164 | Panama | 2.9 | +1.2 pts |
| 165 | Switzerland | 2.8 | +2.3 pts |
| 166 | Saint Kitts and Nevis | 2.7 | +1.5 pts |
| 167 | Seychelles | 2.6 | -7.1 pts |
| 168 | Grenada | 2.6 | +1.4 pts |
| 169 | Saudi Arabia | 2.5 | -0.6 pts |
| 170 | Oman | 2.5 | +0.8 pts |
| 171 | Japan | 2.5 | +2.7 pts |
| 172 | Maldives | 2.3 | +1.8 pts |
| 173 | China | 2 | +1 pts |
| 174 | Hong Kong | 1.9 | +0.3 pts |
| 175 | Bolivia | 1.7 | +1 pts |
| 176 | Benin | 1.4 | -0.4 pts |
| 177 | Macao | 1 | +1 pts |
| 178 | South Sudan | -6.7 | -17.2 pts |
Other periods
About this ranking
Annual average change in the consumer price index, percent.
United States: percent change between the annual average CPI-U (all items, US city average) of the year and of the previous year, rounded to one decimal as the Bureau of Labor Statistics publishes it; both averages are shown with each value. A whole-year figure: it differs from the December 12-month change in cpi_annual_change. Other countries and the World: World Bank, from IMF International Financial Statistics and national sources; the World value is the median of country rates, not a weighted average.
Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 14 countries with data in other periods have no value for 2022 and are left out rather than filled from another source. Equal values share a rank.
How to cite
World Bank, World Development Indicators. Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG). https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG. Retrieved 2026-10-09.
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Rank Countries by average annual inflation using official data, and cite the source.
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Questions
Which country has the highest average annual inflation?
Lebanon, with 171.2% in 2022, according to the World Bank.
Which country has the lowest average annual inflation?
South Sudan, with -6.7% in 2022.
Where does this ranking come from?
Every value comes from one source and one period, so the places are comparable: World Bank, Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG). Retrieved 2026-10-09. 14 countries have no value for 2022 and are not ranked.
Inflation, annual average: other rankings
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